Armlogi Holding Corp. (NASDAQ:BTOC) Stock Short Interest Declines 92.2%

Armlogi Holding Corp. (NASDAQ:BTOC) was the recipient of a large decrease in short interest in October. As of October 30th, there was short interest totaling 8,242 shares, a decrease of 92.2% from the October 15th total of 105,173 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 13,042 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Armlogi stock. Bank of America Corp DE purchased a new position in shares of Armlogi Holding Corp. (NASDAQ:BTOC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 150,000 shares of the company’s stock, valued at approximately $45,000. Bank of America Corp DE owned 0.33% of Armlogi as of its most recent SEC filing.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Armlogi in a research report on Friday, August 14th. One analyst has rated the stock with a Sell rating. According to MarketBeat, the company presently has a consensus rating of “Sell”.

Armlogi Stock Performance

NASDAQ BTOC traded down $0.04 on Tuesday, reaching $1.81. 7,004 shares of the company’s stock traded hands, compared to its average volume of 28,277. The firm has a market cap of $5.14 million, a price-to-earnings ratio of -0.25 and a beta of 3.09. The stock has a 50 day moving average price of $3.49 and a 200-day moving average price of $4.60. Armlogi has a fifty-two week low of $1.74 and a fifty-two week high of $11.49. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.44 and a current ratio of 0.44.

Armlogi (NASDAQ:BTOC) last released its quarterly earnings data on Friday, September 25th. The company reported ($1.92) earnings per share for the quarter. The firm had revenue of $43.14 million during the quarter. Armlogi had a negative net margin of 11.23% and a negative return on equity of 133.87%.

Armlogi Company Profile

Armlogi Holding Corp. is a logistics and warehousing company that provides supply-chain services to e-commerce businesses and other customers. Its operations are focused on helping clients store inventory, process orders and coordinate the movement of goods through fulfillment and transportation services. The company’s service offerings include warehousing, inventory management, order fulfillment, freight transportation and related logistics support. These services are designed to provide an integrated solution for businesses that need to move products from suppliers to distribution facilities and, ultimately, to customers.